Indonesian government finances palm oil companies ignoring its laws
Thursday, June 29th, 2017
Three banks majority-owned by the state – Bank Mandiri, Bank Rakyat Indonesia and Bank Negara Indonesia – have ploughed billions of dollars into an industry that is systematically undermining the rule of law and efforts to repair Indonesia’s reputation as a climate villain in the wake of catastrophic forest fires.
Major US pension fund invested in illegal deforestation
Tuesday, May 16th, 2017
One of the largest pension funds in the USA has invested millions of dollars in the palm oil sector, including in companies repeatedly exposed for illegal deforestation, according to a new report.
Swiss banks bankrolling illegal deforestation in Africa and East Asia
Friday, March 24th, 2017
A new report has exposed links between Swiss banks and some of the world’s largest palm oil plantation companies. Earthsight has reviewed the findings and shown that most of these firms have been involved in illegal deforestation.